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by corry
217 days ago
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Every other type of business I come across or analyze makes me think "Man, there really is nothing as good as SaaS" and I thank my lucky stars I was here for it. High 80%+ gross margins; high retention/recurring revenues (if you're doing it right); easily metric'd (CAC, LTV, conv%, etc); capital specialized for deploying into it (most VC of the last decade); alignment with clients w.r.t. value/impact (or they don't renew); straightforward lining up of 'value to customer' and pricing; common benchmarks and shorthands for valuation multiples; etc. Simple business to understand / run / grow, assuming you have a good product in a good market. It really is quite the business model. |
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